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Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vials. The process begins in the
Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vials. The process begins in the glass department and then is completed in the ink department. The following information relates to the ink department for April: They also compiled the following cost data for April: The management of Inky is asking their accountant, Susan to provide information pertaining to both the First-In, First-Out (FIFO) method and the Weighted-Average method. Susan has worked for Inky for a few months, and she is looking forward to becoming involved in this process. With all of this information in mind, please answer the following questions. (Round units to whole number and cost to two decimal places.) ENTER ANSWERS AS NUMBERS WITH 2 DECIMALS, NO DOLLAR SIGNS, NO COMMAS. 1. What is the conversion cost per unit for the department using the weighted average method? 2. What are the total costs in Ending inventory using the weighted average method? 3. What is the direct materials cost per unit for the ink department using the FIFO method? 4. What is the total Cost of Goods Manufactured using the FIFO method? 5. What is Cost of Goods Sold using the FIFO method for April
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